Wall Street seems to be stuck, but dull trading still sets records
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=a88888d9ba051541ab67f8342e2daab8483842c8ae8b52e07c859d702a185fb132d3cf19a9af1e2b879ec59d57bfd4b8f4884fbe0a7a9b74484bad8d69a65cf9CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=a88888d9ba051541ab67f8342e2daab8483842c8ae8b52e07c859d702a185fb132d3cf19a9af1e2b879ec59d57bfd4b8f4884fbe0a7a9b74484bad8d69a65cf9 here. https://click.response.cnbc.com/?qs=a714b44a8230cf077b995b6aef80d5bea4d6d6de55e2f04af98ad0c8036819affe2578ec8bb7c4313c939bcadfc2f1586d98a8b54bf34271 https://click.response.cnbc.com/?qs=a714b44a8230cf07a33e6b9edea48c71e38935acab14035b8eb0dccc285cfcedd68025ad84fc5f0cf63e76d6400cf5ee6bf2480a1d4d0744 BY THE NUMBERS U.S. stock futures https://click.response.cnbc.com/?qs=a714b44a8230cf073259720a1afc93ada383bfd8186a9e10916654f179b2addea1e537dc1c9d4ef0dc8ed0db38fd025fc40b35cf89a6c90d were higher this morning after the S&P 500 and Nasdaq eked out new record closes. The Dow logged its highest closing level since the March 1 high. Meanwhile, Wall Street's fear gauge, the VIX, sank to its lowest level in more than a decade. (CNBC)Earnings out this morning include the quarterly numbers from Allergan (AGN), Discovery (DISCA), and Valeant (VRX). Dow component Walt Disney (DIS) leads this afternoon's after-the-bell results.Dow stock Apple (AAPL) was higher in the premarket after Monday's rally pushed the tech stock https://click.response.cnbc.com/?qs=a714b44a8230cf07f65232445e5ad6a1436c064cfecd77503c37709934fd9ea420dfe33f26fe717ebb32c98495dc18409c0545452febae36 over $800 billion in market value for the first time. Warren Buffett praised the company in a CNBC interview Monday. On today's economic calendar, the government releases at 10 a.m. ET this morning its March wholesale inventories report and its March JOLTS, the Job Opportunities and Labor Turnover Survey.The NFIB Index of Small Business Optimism posted another historically high reading in April, but https://click.response.cnbc.com/?qs=a714b44a8230cf07a052ff6db8b12c02553241a6fe236f09ed4aceb1557e603b54f21b1a6b06f6e64850fde7f7386f418284844f3a997adf expectations for future business conditions fell due to uncertainty over health-care reform.Three regional central bank presidents speak today: Minneapolis Fed's Neel Kashkari at 9 a.m. ET, Boston Fed's Eric Rosengren at 1:05 p.m. ET, and Dallas Fed's Rob Kaplan at 4:15 p.m. ET. https://click.response.cnbc.com/?qs=a714b44a8230cf0743661570b3d98ae9b614943808959e70470a7bbc15a8be3fde29dc66cc28c5db71dbaca7950b2c689e6da4875d7ce466 Bitcoin topped $1,700 this morning after hitting $1,600 for the first time Monday. https://click.response.cnbc.com/?qs=a714b44a8230cf07e763eb0f187fb25b43f1b4214dc8bf1644d40bd544b68a11319c6977a492b21c5aca2e0205c5bd0477014482d4d44b64 One major bitcoin investor warned of a near-term pullback, but said $4,000 over the next 14 months is possible. (CNBC) https://click.response.cnbc.com/?qs=a714b44a8230cf07e2742bf0e3c34f126f8e8d55da415f048f1a0ea730bd0c216b7cc9a7e7e67b1de0973dd16ee346516d4dd5398fd6a808 A big move for the stock market it coming, and it will take stocks much higher. At least, that's what Oppenheimer technical analyst Ari Wald forecasts. (CNBC Trading Nation) https://click.response.cnbc.com/?qs=a714b44a8230cf07cc835a06095df6d388243a6eea9e378b048ba8991cdf8ddcdbaed53875e2861c0b540ef26bbc8e4d4b7900e252b82c14 https://click.response.cnbc.com/?qs=a714b44a8230cf073a898992e0103fa7c1450324e55898be99c901c3e501bab95811b405b74468cfb68778d00bb55ad934fa683908997793 https://click.response.cnbc.com/?qs=a714b44a8230cf078235c0c80f4b87d8fdcaa78ff154f44be01c66b59468691bbf75184fc3a3295fe4eeab81845da5c943b0008fa6df322a IN THE NEWS TODAY Former acting Attorney General Sally Yates https://click.response.cnbc.com/?qs=a714b44a8230cf07a512369d1f022444afa3149db0420fc60de6c7d8851d58150e0a8240d52b2c3468b4d7adfe8fde4e432a47313dea0652 said at a hearing that she warned the Trump White House that former National Security Advisor Michael Flynn "essentially could be blackmailed" by Russia more than two weeks before he was fired. (CNBC)Yates https://click.response.cnbc.com/?qs=a714b44a8230cf0771070a1487f81e2ebb43d0455dae20a3af8c24d4eec88425b71918c38818d66c908a369abb2a818cc76a5f2347577720 also defended her decision to not defend Trump's first executive order on immigration. Yates, an Obama holdover, was fired after speaking out against the travel ban. (CNBC)The Trump administration's review of the 2010 Dodd-Frank financial reform law https://click.response.cnbc.com/?qs=a714b44a8230cf078996cc100b1f066142b95f1a23edf7aafac10d8a085980545ca1a01c08cc330afed13258d1a00d5fee49aec7fc0523b0 won't be complete by early June as originally targeted, with officials reporting the findings piece-by-piece. (Reuters)A meeting of Trump advisors that had been scheduled for today to decide whether to pull the U.S. out of the Paris Climate Agreement https://click.response.cnbc.com/?qs=a714b44a8230cf07b5d07434730664d16f44f537a2db4f1be17f87285875d11cef1bd9208995add8b529b539e05f14fd260902ee4c7b3f36 has been postponed due to scheduling conflicts. (Reuters)South Koreans went to the polls today, in an election that https://click.response.cnbc.com/?qs=a714b44a8230cf075cd5f343409cc5ac65a88b3835b8ff55358972333ad67ae937bde0905fcbc5517b97ecd8565d11600156217dc1355bd6 may have already swayed under bombastic rhetoric from U.S. President Trump over a missile defense system being deployed there and an existing free trade deal. (CNBC)A woman who accused former Fox News host Bill O'Reilly of sexual harassment in the U.S. https://click.response.cnbc.com/?qs=a714b44a8230cf0752804d1783a4b33c9d1828ff8cb8176751e16ad98be5e180349fda2f8e802c9047c656b3a65db4ee55f2405b7716dfb9 called on Britain to block Fox's owner Rupert Murdoch from taking full control of Britain's pay-TV group Sky. (Reuters) https://click.response.cnbc.com/?qs=a714b44a8230cf071a1575c15ae31d87b4a694cfdc05b05b5066bd4d8b095e4f2857f129f0f96fdf2da580ac50423408bbbc96dac7526cce California has awarded a $500 million deal to Wells Fargo (WFC), perhaps a sign the state is ready to move past the sanctions it imposed last year for the bank's fake account scandal. (CNBC)Amazon (AMZN) https://click.response.cnbc.com/?qs=a714b44a8230cf0721c8b8cc4ce1312eeaca75d2c368e7e6c6d11e2e1381ecba1645b9e20e0454ee5f2efaf9059e84555711d1c60b0d325b is due to unveil a new Echo speaker as early as today, with a screen that will incorporate video-calling capabilities, keeping the online retailer one step ahead of tech rivals in seeking to control smart homes. (WSJ)IBM (IBM) https://click.response.cnbc.com/?qs=a714b44a8230cf07aeea71637e8570ab01f8bf7312eb1381ee6c06f920ef0d034198e6a115ccc45d1c39fa0f5bebdbce37ad6aaef8f1b5f3 is not at the forefront of artificial intelligence, Social Capital's Chamath Palihapitiya told CNBC, calling the Watson supercomputer a "joke." Palihapitiya joins "Squawk Box" for an hour, starting at 8 a.m. ET.STOCKS TO WATCH Pandora shares whipsawed in premarket trading after the streaming music service announced a $150 million investment, mixed financial results, and that two board members would resign as the firm gears up for a potential sale.Hertz Global (HTZ) reported a wider than expected loss of $1.61 per share for its latest quarter. Revenue was also slightly below estimates. Lower U.S. pricing was among the significant drags on the company's results. AMC Entertainment (AMC) exceeded estimates by 2 cents with quarterly profit of 7 cents per share. Revenue also beat. The movie theater chain operator said admissions revenue jumped more than 69 percent. JD.com (JD) posted its first profit since going public in 2014, although the China-based e-commerce company did warn that expenses related to its planned expansion would affect income growth.WATERCOOLER https://click.response.cnbc.com/?qs=a714b44a8230cf07b306e5521846b86847504103a6d73d82d77856c2d40b38ac1ad893a8f18e0246c1959b409e7bcfcaed5304b09f1b4764 A new lawsuit filed against the organizers of the disastrous Fyre Festival accuses them of staging "a massive Ponzi scheme." The suit also the festival as "a get rich quick" ruse. (NY Post)Mondelez (MDLZ) is announcing a https://click.response.cnbc.com/?qs=a714b44a8230cf077a182210c6cf69104249462c7b699ae4f945916f9cc19ce7316da6e05b1f7f90ce6b254aadbf7d05ec4123262de43ab5 $500,000 prize for its next Oreo flavor. The food giant is taking submissions through Twitter and Instagram using #MyOreoCreation and #Contest hashtags. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=a714b44a8230cf07fc753b1a5981dfbfd909e823ac836e826cb43bbc408fa03488726a032b4a67ba729b24380486a132a5d6ce3e87ac5cc7 https://click.response.cnbc.com/?qs=a714b44a8230cf07fc753b1a5981dfbfd909e823ac836e826cb43bbc408fa03488726a032b4a67ba729b24380486a132a5d6ce3e87ac5cc7 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=a714b44a8230cf07610c2b8c2cfd31e26d1387a697f6f7ecf96402b7a4b8f5a0768bcf628ee3d737fc9ea9ae7f5d0ccf37d2abc7759ff2dd @Matt_Belvedere https://click.response.cnbc.com/?qs=a714b44a8230cf076c06e6138be804738e61f45411ef38fdc8f3efdc1715b489860a7576ff753404a8e08abcfb3f650adc9b7c3257e819d0 https://click.response.cnbc.com/?qs=a714b44a8230cf076c06e6138be804738e61f45411ef38fdc8f3efdc1715b489860a7576ff753404a8e08abcfb3f650adc9b7c3257e819d0 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=a714b44a8230cf07f34ce398abedd87df4771cc5286abd5c305f22bad1819ecc9c1883bb9a12da0be0eae8b29ccd4ccc902242e12e9e4985 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=a714b44a8230cf0786818c9438787227dcf8b7c63b9f32a2aabeebec6b242872c2d92ca9ddcf48e814b322b10ebd11d048f098e802ec9c8e our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=a714b44a8230cf077b995b6aef80d5bea4d6d6de55e2f04af98ad0c8036819affe2578ec8bb7c4313c939bcadfc2f1586d98a8b54bf34271 here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=a88888d9ba051541ab67f8342e2daab8483842c8ae8b52e06313b5bf97146c96a106ddf978562c4a https://view.response.cnbc.com/ftaf.aspx?qs=a88888d9ba051541ab67f8342e2daab8483842c8ae8b52e06313b5bf97146c96a106ddf978562c4a Send this email to a friend https://click.response.cnbc.com/?qs=a714b44a8230cf07b5791d7b7c2b2f898ae995837073be6743423996fabd7df6a2e33da43bd1e0a4b26c819249304cb1909208f3cae75cd4 https://click.response.cnbc.com/?qs=a714b44a8230cf07e97cd6e8c2b1fd0ad5b54ccb36748393e785ab5245cd09cc7e4bb5efd636f819f82a8b6606114408e8fb2b424315c3c5 https://click.response.cnbc.com/?qs=a714b44a8230cf07d57b3df852e68038f5a21c026b180e82edce37abab7d79b73c84c96c34a58d953e061e0d807d5393bce46f3257f2cdf8 https://click.response.cnbc.com/?qs=a714b44a8230cf07432bbcab354fd8dd77bb9d98533ecab165d68d90be54bce8b09df71733fd65e7dc946a778127ad8fe7ac9fc97f7ae0b0 https://click.response.cnbc.com/?qs=a714b44a8230cf0706defd7726f642de33946fbc675e985eab9b44253d7fa9b69883ea1b796b4d4133a23bfe5db7ac1298ede873df4254850a95418fc5b33bdc Unsubscribe https://click.response.cnbc.com/?qs=a714b44a8230cf07a204ed8ce4c96b2b951fe1703850acbd4fa8d0466b0a216bcfa816ef62a99cbd3e9d6315032ad856cc0def7b3315d8b9 Advertise https://click.response.cnbc.com/?qs=a714b44a8230cf074ab7dc7c32c098f32cbd571fedc2284ea2dd47d96f88667282ec75491b0131aaae4241d30e9ab21ea0dfea88f24f2501e14cbda1d1d509e9 More Newsletters https://click.response.cnbc.com/?qs=a714b44a8230cf070daa7a42f94a26e029820cb90269f4fe9da302019cb5b8de438009d03f298569e6438cef4cf98f7520b26499afce6843 Digital Products (c) 2015 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 To ensure delivery to your inbox, please add mailto:[email protected] [email protected] to your address book. ---------------------------------------- This email was sent by: CNBC 900 Sylvan Ave. Englewood Cliffs, New Jersey, 07632, US We respect your right to privacy - visit the following URL to view our policy. ( https://click.response.cnbc.com/?qs=a714b44a8230cf071495c6a07766a1a783e2ea9570082141d250e439b1c09e14d63efbc33c78f09ba4bf1137f1683423ec28164fb05649e2 ) ---------------------------------------- Visit the following URL to manage your subscriptions. ( https://click.response.cnbc.com/subscription_center.aspx?qs=7c447fea08a0d40c4b40ef2d0bfc5747798c50cd734aaea739234820576919381c289dcb118540c6811a5a8eed225b9813be1de8737bd59e ) Visit the following URL to update your profile. ( https://click.response.cnbc.com/?qs=a714b44a8230cf0702e27d30ec52e26ec5ae91983fb85b2fbf38936064c1322ca9cf26d6bd17aff263be5053e54555f03e5793aa7fcea5fd ) Visit the following URL to unsubscribe. ( https://pages.response.cnbc.com/page.aspx?QS=330c754b5e92df7418aaa25241be78348557788e50e697ae&sid=40000001 )





















